Exclusively Listed By:

EquiCap Commercial in Partnership with Scott Reid, ParaSell, Inc., A Licensed South Carolina Broker #23763​

DEAL SUMMARY

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List Price:  $750,000

NRSF:        15,728

Units:         120

Acres:        1.5

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INVESTMENT HIGHLIGHTS

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Significant Lease-Up Opportunity // Currently 35% occupied, providing substantial upside through professional management, targeted marketing, and improved online visibility.

 

Below-Market Rental Rates // In-place rates are materially below nearby competitors, creating an opportunity to increase revenue as occupancy stabilizes.

 

Recent Capital Improvements // Ownership secured a deeded access easement and fully fenced and gated the facility, with additional cosmetic improvements underway.

 

Favorable Market Growth // The five-mile population is projected to grow from approximately 21,652 to 22,675, with households increasing from 9,065 to 9,586.

 

No New Supply Under Construction // No self-storage facilities are currently identified as under construction within the five-mile trade area.

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INVESTMENT SUMMARY

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EquiCap Commercial, in association with ParaSell, Inc., is pleased to present Partners Self Storage, located at 1019A W. DeKalb Street in Camden, South Carolina. The property consists of 120 non-climate-controlled, drive-up units totaling 15,728 rentable square feet on approximately 1.5 acres. The unit mix ranges from 5' x 10' to 12' x 24', offering convenient storage options for both residential and commercial customers.

 

Since acquiring the facility, ownership has secured a deeded access easement and fully fenced and gated the property, improving its access, security, and overall functionality. Ownership is also completing additional cosmetic improvements to bring the facility up to current market standards and enhance its presentation to prospective tenants.

 

The property is currently 35% occupied, creating significant lease-up potential through improved management, marketing, and online visibility. Additional upside exists through rental-rate growth, as the facility’s current rates are materially below those of nearby competitors. Common ancillary revenue programs, including administrative fees and tenant insurance, may provide further opportunities to improve operating performance.

 

Partners Self Storage is located within a growing Camden trade area. Within five miles, the population is projected to increase from approximately 21,652 to 22,675, while the number of households is expected to grow from 9,065 to 9,586. Additionally, no new self-storage facilities are currently identified as under construction within the five-mile trade area. With recent property improvements, below-market rents, and considerable remaining lease-up potential, Partners Self Storage offers an incoming operator multiple avenues to increase revenue and net operating income.